FERRARI NV (RACE) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:RACE • NL0011585146
Overall RACE gets a technical rating of 0 out of 10. RACE scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, RACE is a bad performer in the overall market: 88% of all stocks are doing better.
- RACE is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- RACE is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- RACE is part of the Automobiles industry. There are 35 other stocks in this industry, RACE did better than 50% of them.
Although the technical rating is bad, RACE does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 335.31, a Stop Loss order could be placed below this zone.
More info and screens
327.01
When analyzing the support we notice one important area.
- A support zone ranging from 330.31 to 335.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 5 important resistance areas.
- Resistance @350.48 from a trend line in the daily time frame.
- A resistance zone ranging from 378.72 to 379.28. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @486.39 from a horizontal line in the daily time frame.
- Resistance @503.84 from a horizontal line in the weekly time frame.
- Resistance @517.65 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for RACE is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RACE is down. |
| ChartMill Relative Strength | 12.33 | NEGATIVE | RACE has a low relative strength, it was outperformed by 87.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RACE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RACE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RACE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.15 | NEUTRAL | The RSI value for RACE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.92 | POSITIVE | The MACD value suggests RACE has a positive trend. |
| Stochastics (14,3) | 35.68 | NEUTRAL | The Stochastics value for RACE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.27 | MEDIUM VOLATILITY | The ATR as a percentage value for RACE suggests some volalility. |
| Average Directional Index/ADX (14) | 33.65 | POSITIVE | The high ADX value value for RACE suggests a strong trend. |
336.13
+2.34 (+0.7%)
FERRARI NV / RACE FAQ
Can you provide the ChartMill technical rating for FERRARI NV?
ChartMill assigns a technical rating of 0 / 10 to RACE.
What is the trend direction for RACE stock?
The current trend direction for FERRARI NV (RACE) is Bearish.
Can you provide the RSI signal for FERRARI NV?
FERRARI NV (RACE) has an RSI value of 40.1467. This indicates that the stock is currently neutral.
What is the MACD signal for RACE stock?
The MACD indicator for FERRARI NV (RACE) has a value of 0.919849, indicating a bearish trend.
Can you provide the short term momentum for FERRARI NV?
The short term momentum for FERRARI NV (RACE) is negative.